Editor's Pick: Union Cabinet clears Green Hydrogen Mission

The Union Cabinet on Wednesday approved the National Green Hydrogen Mission with an initial outlay of Rs 19,744 crore. The move is aimed at making India a global hub to produce, utilise and export green hydrogen and its derivatives. The government expects the initiative would help abate nearly 50 million tonnes (MT) of annual greenhouse emissions by 2030 and cumulatively reduce fossil fuel imports estimated at over Rs 1 lakh crore. Hydrogen is a sought-after fuel because its combustion releases only steam. The Ministry of New and Renewable Energy is to formulate the scheme guidelines for implementation of the respective components. The government already has announced some incentives aimed at reducing the cost of hydrogen by half by 2030. These incentives include priority power supply for manufacturers, concessions and short-term waivers for distributors and transmission costs, respectively. The Ministry is also expected to operate a single-window clearance system for proposals. The initiative is expected to bring in investments of over Rs 8 lakh crore and create 6 lakh jobs alongside helping meet the international commitments to fight climate change. “Under the SIGHT programme, two distinct financial incentive mechanisms – targeting domestic manufacturing of electrolysers and production of green hydrogen – will be provided. The mission will also support pilot projects in emerging end-use sectors and production pathways. Regions capable of supporting large-scale production and/or utilisation of hydrogen will be identified and developed as green hydrogen hubs,” the government said. The mission would facilitate a public-private partnership framework for research & development. Some roadblocks in its implementation would be procuring electrolysers and electrolytes required to produce ‘green’ hydrogen and reducing the contribution of fossil fuel sources in India’s power generation mix. The former are already in great demand whilst the latter would require greater and cheaper solar and wind power. Was this newsletter forwarded to you? Head over to our newsletter subscription page to sign up for Editor’s Pick and more. Click here. The Hindu’s Editorials Mixed signals: On macro-economic data Gaming and gambling: On the Centre’s move to regulate online gaming The Hindu’s Daily News Quiz During which season is the sport of jallikattu usually held in Tamil Nadu? Pongal Holi Thaipoosam Vijaya Dashami To know the answer and to play the full quiz, click here. [logo] Editor's Pick 05 JANUARY 2023 [The Hindu logo] In the Editor's Pick newsletter, The Hindu explains why a story was important enough to be carried on the front page of today's edition of our newspaper. [Arrow]( [Open in browser]( [Mail icon]( [More newsletters]( Union Cabinet clears Green Hydrogen Mission The Union Cabinet on Wednesday [approved the National Green Hydrogen Mission]( with an initial outlay of Rs 19,744 crore. The move is aimed at making India a global hub to produce, utilise and export green hydrogen and its derivatives. The government expects the initiative would help abate nearly 50 million tonnes (MT) of annual greenhouse emissions by 2030 and cumulatively reduce fossil fuel imports estimated at over Rs 1 lakh crore. Hydrogen is a sought-after fuel because its combustion releases only steam. The Ministry of New and Renewable Energy is to formulate the scheme guidelines for implementation of the respective components. The government already has announced some incentives aimed at reducing the cost of hydrogen by half by 2030. These incentives include priority power supply for manufacturers, concessions and short-term waivers for distributors and transmission costs, respectively. The Ministry is also expected to operate a single-window clearance system for proposals. The initiative is expected to bring in investments of over Rs 8 lakh crore and create 6 lakh jobs alongside helping meet the international commitments to fight climate change. “Under the SIGHT programme, two distinct financial incentive mechanisms – targeting domestic manufacturing of electrolysers and production of green hydrogen – will be provided. The mission will also support pilot projects in emerging end-use sectors and production pathways. Regions capable of supporting large-scale production and/or utilisation of hydrogen will be identified and developed as green hydrogen hubs,” the government said. The mission would facilitate a public-private partnership framework for research & development. Some roadblocks in its implementation would be procuring electrolysers and electrolytes required to produce ‘green’ hydrogen and reducing the contribution of fossil fuel sources in India’s power generation mix. The former are already in great demand whilst the latter would require greater and cheaper solar and wind power. Was this newsletter forwarded to you? Head over to our newsletter subscription page to sign up for Editor’s Pick and more. [Click here.]( The Hindu’s Editorials [Arrow][Mixed signals: On macro-economic data]( [Arrow][Gaming and gambling: On the Centre’s move to regulate online gaming]( The Hindu’s Daily News Quiz During which season is the sport of jallikattu usually held in Tamil Nadu? - Pongal - Holi - Thaipoosam - Vijaya Dashami To know the answer and to play the full quiz, [click here.]( Interested in daily updates from Tamil Nadu? 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